TopBuild (NYSE:BLD) Reaches New 12-Month High – Time to Buy?

TopBuild Corp. (NYSE:BLD) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $463.62 and last traded at $461.5280, with a volume of 80191 shares. The stock had previously closed at $441.07.

Analyst Ratings Changes

Several analysts have commented on the company. Royal Bank Of Canada began coverage on TopBuild in a research note on Thursday, November 20th. They set a “sector perform” rating and a $410.00 price objective for the company. Benchmark boosted their target price on TopBuild from $444.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. DA Davidson reaffirmed a “buy” rating and set a $485.00 price target on shares of TopBuild in a report on Wednesday, December 10th. Jefferies Financial Group lifted their price objective on shares of TopBuild from $518.00 to $536.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, Weiss Ratings upgraded shares of TopBuild from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, December 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $437.06.

TopBuild Stock Up 4.3%

The company has a debt-to-equity ratio of 1.26, a current ratio of 2.90 and a quick ratio of 2.45. The firm’s 50-day moving average price is $430.01 and its 200 day moving average price is $411.04. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 6.97 and a beta of 1.68.

TopBuild (NYSE:BLD) last posted its earnings results on Tuesday, November 4th. The construction company reported $5.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.22 by $0.14. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. TopBuild had a return on equity of 27.10% and a net margin of 10.84%.TopBuild’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.68 EPS. Sell-side analysts expect that TopBuild Corp. will post 20.97 EPS for the current year.

Insider Buying and Selling

In related news, VP Luis Francisco Machado sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $450.40, for a total value of $450,400.00. Following the completion of the sale, the vice president directly owned 9,349 shares in the company, valued at approximately $4,210,789.60. The trade was a 9.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.43% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BLD. Advisory Services Network LLC purchased a new stake in shares of TopBuild in the third quarter worth about $27,000. Root Financial Partners LLC acquired a new position in TopBuild during the 3rd quarter worth approximately $34,000. SJS Investment Consulting Inc. boosted its holdings in TopBuild by 3,433.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 106 shares of the construction company’s stock worth $41,000 after acquiring an additional 103 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in TopBuild in the second quarter valued at approximately $35,000. Finally, Smithfield Trust Co raised its stake in shares of TopBuild by 58.6% during the third quarter. Smithfield Trust Co now owns 111 shares of the construction company’s stock valued at $44,000 after purchasing an additional 41 shares during the period. 95.67% of the stock is owned by institutional investors and hedge funds.

About TopBuild

TopBuild Corp. (NYSE: BLD) is a leading installer and distributor of insulation and building material products serving primarily the U.S. construction market. Headquartered in Daytona Beach, Florida, the company was formed in 2011 as a spin-off from ABF Freight System and has since grown through a combination of organic expansion and targeted acquisitions. TopBuild’s core mission is to enhance energy efficiency and comfort in new residential and light commercial construction projects by providing comprehensive insulation solutions and related services.

The company operates through two main segments.